FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro- Major Crypto levels and bias summary 
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets 
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92 
FxWirePro- Major European Indices 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro- Major Crypto levels and bias summary 
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106 
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level 
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook 
FxWirePro: USD/CNY downside pressure builds, key support level In focus 
FxWirePro: USD/CAD slips as oil rally boosts loonie 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes 
FxWirePro: GBP/AUD moves lower on weak UK data 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 
NZD/USD chart - Trading View
Spot Analysis:
NZD/USD was trading in narrow range at 0.70 at 06:25 GMT
Previous Week's High/ Low: 0.7088/ 0.6952
Previous Session's High/ Low: 0.7047/ 0.6995
Fundamental Overview:
Focus is on the Reserve Bank of New Zealand (RBNZ) policy meeting next week to provide the pair a meaningful direction.
The pair has been extending sideways grind and kiwi bulls hope for a rate rise next week and the promise of more to break out.
The RBNZ's last hike of 50 basis points was in May 2000. A rise of 25 basis points to 0.5% on August 18th is now fully priced in.
A hawkish surprise is what can provide some significant price moves.
Technical Analysis:
- GMMA indicator shows major trend is bearish, while minor trend is neutral
- Price action is below cloud and some major moving averages
- Bullish divergence on RSI on the daily charts keeps scope for upside
- Death Cross (bearish 50-DMA crossover on 200-DMA) could limit gains
Major Support and Resistance Levels:
Support - 0.6957 (55-week EMA), Resistance - 0.7105 (200-DMA)
Summary: NZD/USD trades pivotal at cloud resistance and 55-week EMA support. RBNZ policy meet next week will be in focus for clear direction.
